BG vs QQQ: Correlation
Bunge Global (BG) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.01.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BG and QQQ?
Over the past 3 years, BG and QQQ moved with a correlation of -0.01, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.08) sits close to the 3-year figure. Over 5 years the correlation is 0.07, and the annualized covariance of weekly returns is -8.9 %².
By 3-year correlation, QQQ places #23 of the 37 assets tracked against BG. Over the last 12 months BG came out ahead by 8.9 percentage points (+35.2% against +26.3%). This link changes with the market regime, having swung between -0.29 and 0.31 on a rolling one-year basis. Note the risk asymmetry: BG runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BG vs QQQ: side by side
| BG (Bunge Global) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +35.2% | +26.3% |
| 5-year return | +68.5% | +95.4% |
| Volatility (ann.) | 30.7% | 19.6% |
| Beta vs S&P 500 | 0.09 | 1.28 |
| Max drawdown (3Y) | -38.8% | -22.8% |
| Market cap | $21.4B | – |
| P/E (trailing) | 24.4 | – |
| Dividend yield | 2.51% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Staples | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | BG | QQQ |
|---|---|---|
| 2022 | +9.3% | -32.6% |
| 2023 | +3.8% | +54.9% |
| 2024 | -20.7% | +25.6% |
| 2025 | +18.6% | +20.8% |
| 2026 | +27.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
FAQ
What is the correlation between BG and QQQ?
As of 2026-08-27, the correlation of weekly returns between BG and QQQ is -0.01 over 3 years, -0.08 over 1 year and 0.07 over 5 years.
Is QQQ a good diversifier for BG?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
What does a correlation of -0.01 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: BG correlations · QQQ correlations
